The FRBKC relies on us to provide the complete bank data to ensure correct posting
of payments to a customer’s account. If the information is incomplete, the FRBKC rejects
the payment and returns the funds to our agency.
You may establish or change IDD bank data for Latvia using an SSA system (e.g. Modernized
Claims System (MCS), Manual Adjustment Credit and Award Data Entry (MACADE)).
Latvia is a Single Euro Payment Area (SEPA) country. Do not code the RTN in ITS.gov, as ITS.gov will propagate this information. If the complete bank account information is not
in ITS.gov when the payment processes, the payment rejects and returns to SSA. When using ITS.gov, bank data posts to the MBR within four business days.
You must then go to ITS.gov to enter the following data:
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first and last name of the beneficiary
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Society for Worldwide Internet Financial Telecommunication-Business Identifier Code
(SWIFT-BIC)
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1. Obtain Swift-BIC code from the FI
The SWIFT code contains 11 alphanumeric characters:
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first four characters - bank code (alpha only);
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next two characters - ISO 3166-1 alpha 2 country code (alpha only);
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next two characters - location code (alpha and numeric) (passive participants have
"1" in the second character); and
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last three characters - branch code, optional ('XXX' for primary office) (alpha and
numeric).
You must update ITS.gov with the bank account information prior to processing an initial award to ensure
that the beneficiary receives payment. If the complete bank account information is
not in ITS.gov when the payment processes, the payment rejects and returns to our agency.
3. Add or update bank data using SSA systems
When you add or update IDD bank data using an SSA system (e.g. Post Entitlement Online
System (POS), MACADE), you must:
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enter all POS direct deposit changes according to normal procedures;
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use procedures outlined in the following chart when processing within four business
days of the current operational month (COM) cutoff date.
STEP
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ACTION
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1
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Are you coding an initial claim?
If yes, go to step 3.
If no, go to step 2.
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2
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Is the beneficiary's address on the MBR in a foreign country (PCOC = 8)? If no, STOP.
REASON: The MBR does not accept the IDD information unless the address is in a foreign country.
If yes, go to step 3.
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3
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Is the beneficiary's account a Euro account in Latvia? If no, STOP.
REASON: Beneficiaries in Latvia can only receive IDD payments in Euro accounts.
If yes, go to step 4
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4
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The RTN is 660000013 RTN for Latvia. It contains the:
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Multi-country prefix of "66" for Latvian IDD;
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U.S. check digit code of "3" at the end of the RTN for all IDD accounts in Latvia.
No need to obtain the check digit code from Title II Interactive Comps.
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5
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Code the account type:
If the beneficiary does not indicate an account type, use a “C” for checking account.
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6
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To code the Depositor Account Number (DAN) for Latvia, code:
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"G" is designated for Latvia,
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13 digits of the account number.
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7
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You must take action on the same business day to enter into ITS.gov all the information listed in GN 02402.473F.
You must access ITS.gov or ask a co-worker to update the required information into ITS.gov.
REMINDER: When information is not available, FRBKC rejects the payment and returns it to our
agency.
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